TEXAS CHRISTIAN UNIVERSITY

P E R F O R M A N C E U P D A T E TEXAS CHRISTIAN UNIVERSITY Average Annual Total Returns as of: 09/30/2018 (shown in percentages) Variable annuities and mutual funds offered through a retirement plan are intended as long-term investments designed for retirement purposes. Money distributed from a 403(b) plan, 401(a)/(k) plan, or a 457 plan will be taxed as ordinary income in the year the money is distributed. Early withdrawals from a 403(b) plan and a 401(a)/(k) plan, if taken prior to age 59 1/2, will be subject to the IRS 10% premature distribution penalty tax, unless an exception applies. This IRS premature distribution penalty tax does not apply to 457 plans. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than the original amount invested. The performance data quoted represents past performance. Past performance does not guarantee future results. For monthend performance which may be lower or higher than the performance data shown please call 800-584-6001. Investment return and principal value of an investment will fluctuate so that, when sold, an investment may be worth more or less than the original cost. The returns assume reinvestment of all dividends (ordinary income and capital gains) and are net of management fees and other fund operating expenses. They do not reflect any plan level administrative fees, if applicable; if reflected, returns would be less favorable. You should consider the investment objectives, risks and charges, and expenses of the funds carefully before investing. The prospectus contains this and other information. Anyone who wishes to obtain a free copy of the fund prospectuses may call their Voya representative or the number above. Please read the prospectus carefully before investing. Returns less than one year are not annualized. Inception Date is the date of inception for the underlying fund, and is the date used in calculating the periodic returns. This date may also precede the portfolio's inclusion in the product. Investment Options 1-Mo 3-Mo YTD 1-Yr 3-Yr 5-Yr 10-Yr Incept Stability of Principal Stability of Principal Voya Fixed Plus Account III - 4020 (1)(24) 0.16 0.50 1.49 2.00 2.13 2.23 2.63 Bonds Inception Date Gross Net Inflation-Protected Bond VY BlackRock Inflation Protected Bond Portfolio - Inst - 1617 (2) -0.97-0.70-0.69 0.66 1.68 0.83 2.95 04/30/2007 0.57 0.53 Intermediate-Term Bond Virtus Seix Total Return Bond - Class I - 2911 (3) -0.92-0.68-2.36-2.46 0.89 1.86 4.12 12/30/1997 0.57 0.46 Multisector Bond PIMCO Income - Administrative Class - 6389 (4) 0.15 0.49-0.34 0.70 5.58 5.41 9.33 03/30/2007 0.99 0.99 World Bond Templeton Global Bond - Advisor Class - 5050 (5) 1.57 0.99-0.27-2.07 3.72 1.84 5.72 09/18/1986 0.78 0.71 Asset Allocation Lifecycle - Index Wells Fargo Target 2010 - Admin Class - 9616 (6)(7) Wells Fargo Target 2015 - Admin Class - 9609 (7)(8) Wells Fargo Target 2020 - Admin Class - 9615 (7)(9) Wells Fargo Target 2025 - Admin Class - 9618 (7)(10) Wells Fargo Target 2030 - Admin Class - 9614 (7)(11) Wells Fargo Target 2035 - Admin Class - 9613 (7)(12) -0.30 1.45 0.33 2.23 3.23 2.49 3.99 11/08/1999 0.74 0.54-0.26 1.59 0.66 2.77 4.20 3.15 4.55 06/29/2007 0.74 0.54-0.23 2.02 1.23 3.85 5.40 4.02 5.29 11/08/1999 0.68 0.54-0.15 2.46 1.68 4.89 6.85 5.00 6.16 06/29/2007 0.69 0.54 0.00 2.89 2.37 6.10 8.43 6.02 7.01 03/01/1994 0.68 0.54 0.11 3.20 2.83 7.06 9.81 6.84 7.70 06/29/2007 0.71 0.54 Page 1 of 5

Investment Options 1-Mo 3-Mo YTD 1-Yr 3-Yr 5-Yr 10-Yr Incept Wells Fargo Target 2040 - Admin Class - 9612 (7)(13) Wells Fargo Target 2045 - Admin Class - 9611 (7)(14) Wells Fargo Target 2050 - Admin Class - 9610 (7)(15) Wells Fargo Target Today - Admin Class - 9617 (7)(16) Balanced Inception Date Gross Net 0.18 3.57 3.19 7.78 10.90 7.48 8.21 11/08/1999 0.69 0.54 0.21 3.64 3.31 8.20 11.58 7.88 8.59 06/29/2007 0.74 0.54 0.22 3.70 3.46 8.28 11.89 8.03 8.65 06/29/2007 0.72 0.54-0.35 1.28 0.09 1.77 2.85 2.21 3.74 11/08/1999 0.73 0.54 Tactical Allocation BlackRock Multi-Asset Income Portfolio - Institutional Cl Sh - 3545 (17) Large Cap Value 0.12 2.22 0.94 2.63 5.93 4.85 6.73 04/07/2008 0.70 0.57 Large Blend Parnassus Core Equity SM - Investor Shares - 2228 Voya U.S. Stock Index Portfolio - Institutional Class - 829 0.09 7.88 10.43 16.52 14.20 12.19 11.33 08/31/1992 0.87 0.87 0.49 7.58 10.33 17.54 16.99 13.63 11.68 05/03/2004 0.27 0.27 Large Value Putnam Equity Income - Class A - 7039 0.30 6.46 6.67 13.35 14.36 11.35 11.16 06/15/1977 0.91 0.91 Large Cap Growth Large Growth MainStay Large Cap Growth - Class R1-1838 1.39 8.14 23.31 30.51 20.00 15.68 13.64 04/01/2005 0.85 0.85 Small/Mid/Specialty Mid-Cap Blend Voya Russell Mid Cap Index Portfolio - Class I - 1560 (18) -0.65 4.93 7.21 13.55 14.08 11.20 11.94 03/04/2008 0.44 0.40 Mid-Cap Growth Ivy Mid Cap Growth - Class Y - 2423 (19) 0.07 8.55 20.89 29.55 18.83 12.09 13.65 07/10/2000 1.27 1.27 Mid-Cap Value Victory Sycamore Established Value - Class A - 2798 Small Blend Virtus Ceredex Small-Cap Value Equity - Class I - 9052 (20) Voya Russell Small Cap Index Portfolio - Class I - 1563 (21) Small Growth Carillon Eagle Small Cap Growth - Class A - 1182 (22) -0.34 4.68 5.97 12.05 14.66 12.85 12.77 05/05/2000 0.90 0.90-3.90 1.37 5.67 13.24 14.31 9.67 10.95 01/31/1997 1.18 1.18-2.46 3.43 11.28 14.88 16.84 10.88 10.93 03/04/2008 0.46 0.45-1.46 6.84 14.58 21.37 17.32 11.45 12.37 05/07/1993 1.08 1.08 Specialty - Global Real Estate PGIM Global Real Estate - Class Z - 3170-1.67 0.69 0.94 4.86 5.49 5.30 6.49 05/05/1998 0.97 0.97 Global / International Foreign Large Blend Voya International Index Portfolio - Class I - 1551 (23) 0.98 1.28-1.40 2.22 8.74 4.11 4.98 03/04/2008 0.53 0.45 Foreign Large Growth American s EuroPacific Growth - Class R-4-573 -0.59-0.93-2.92 1.10 9.54 5.83 6.49 04/16/1984 0.83 0.83 The risks of investing in small company stocks may include relatively low trading volumes, a greater degree of change in earnings and greater short-term volatility. Foreign investing involves special risks such as currency fluctuation and public disclosure, as well as economic and political risks. Page 2 of 5

Some of the s invest in securities guaranteed by the U.S. Government as to the timely payment of principal and interest; however, shares of the s are not insured nor guaranteed. High yielding fixed-income securities generally are subject to greater market fluctuations and risks of loss of income and principal than are investments in lower yielding fixed-income securities. Sector funds may involve greater-than average risk and are often more volatile than funds holding a diversified portfolio of stocks in many industries. Examples include: banking, biotechnology, chemicals, energy, environmental services, natural resources, precious metals, technology, telecommunications, and utilities. *The Gross Expense Ratios shown do not reflect any temporary fee or expense waivers that may be in effect for a fund. The performance of a fund with a temporary fee or expense waiver would have been lower if the gross fund fees / expenses listed had been reflected. (1)The current rate for the Voya Fixed Plus Account III MC 902, 4020 is 2.00%, expressed as an annual effective yield. The current rate may change and be higher or lower than the previously identified rate but is guaranteed not to be less than 1.00%. VRIAC will not apply a decrease to the current rate following a rate change initiated solely by us prior to the last day of the three-month period measured from the first day of the month in which such change was effective. Note: The current rate for an initial investment in the fixed account previously identified may be in effect for less than a full three-month period. (2)VY BlackRock Inflation Protected Bond Portfolio - Institutional Class: The adviser is contractually obligated to limit expenses to 0.63% through May 1, 2019. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fees and Expenses. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. The adviser is contractually obligated to waive 0.04% of the management fee through May 1, 2019. Termination or modification of these obligations requires approval by the Portfolio's board. (3)Virtus Seix Total Return Bond - Class I: The fund's investment adviser has contractually agreed to limit the fund's total operating expenses (excluding front-end or contingent deferred loads, taxes, leverage expenses, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation) and acquired fund fees and expenses, if any) so that such expenses do not exceed 0.46% through July 31, 2019. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed under these arrangements for a period of three years following the date on which such reimbursement occurred. (4)PIMCO Income - Administrative Class: Other Expenses shown in the fund's prospectus include interest expense of 0.03%. Interest expense is borne by the separately from the management fees paid to Pacific Investment Management Company LLC (PIMCO). Excluding interest expense, Total Annual Operating Expenses are 0.70%. (5)Templeton Global Bond - Advisor Class: The investment manager has contractually agreed in advance to reduce its fees as a result of the 's investments in Franklin Templeton affiliated funds (acquired funds), including a Franklin Templeton money fund, for the next 12-month period. Contractual fee waiver and/or expense reimbursement agreements may not be changed or terminated during the time period set forth above. (6)Wells Fargo Target 2010 - Administrator Class: The Manager has contractually committed through July 31, 2018, to waive fees and/or reimburse expenses to the extent necessary to cap the 's Total Annual Operating Expenses After Fee Waiver at the (7)Wells Fargo Advantage Dow Jones Target: The target date represents the year in which investors may likely begin withdrawing assets. The s gradually seek to reduce market risk as the target date approaches and after it arrives by decreasing equity exposure and increasing fixed income exposure. The principal value is not guaranteed at any time, including at the target date. "Dow Jones" and "Dow Jones Target Date Indexes" are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"); have been licensed to CME Group Index Services LLC ("CME Indexes"); and have been sublicensed for use for certain purposes by Global Index Advisors, Inc., and Wells Fargo s Management, LLC. The Wells Fargo Advantage Dow Jones Target Date s, based on the Dow Jones Target Date Indexes, are not sponsored, endorsed, sold, or promoted by Dow Jones, CME Indexes, or their respective affiliates, and none of them makes any representation regarding the advisability of investing in such product(s). Wells Fargo s Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Advantage s. Other affiliates of Wells Fargo & Company provide subadvisory and other services for the s. The s are distributed by Wells Fargo s Distributor, LLC, Member FINRA/SIPC, an affiliate of Wells Fargo & Company. (8)Wells Fargo Target 2015 - Administrator Class: The Manager has contractually committed through July 31, 2018, to waive fees and/or reimburse expenses to the extent necessary to cap the 's Total Annual Operating Expenses After Fee Waiver at the Page 3 of 5

(9)Wells Fargo Target 2020 - Administrator Class: The Manager has contractually committed through July 31, 2018, to waive fees and/or reimburse expenses to the extent necessary to cap the 's Total Annual Operating Expenses After Fee Waiver at the (10)Wells Fargo Target 2025 - Administrator Class: The Manager has contractually committed through July 31, 2018, to waive (11)Wells Fargo Target 2030 - Administrator Class: The Manager has contractually committed through July 31, 2018, to waive (12)Wells Fargo Target 2035 - Administrator Class: The Manager has contractually committed through July 31, 2018, to waive (13)Wells Fargo Target 2040 - Administrator Class: The Manager has contractually committed through July 31, 2018, to waive (14)Wells Fargo Target 2045 - Administrator Class: The Manager has contractually committed through July 31, 2018, to waive (15)Wells Fargo Target 2050 - Administrator Class: The Manager has contractually committed through July 31, 2018, to waive (16)Wells Fargo Target Today - Administrator Class: The Manager has contractually committed through July 31, 2018, to waive (17)BlackRock Multi-Asset Income Portfolio - Institutional Class Shares: BlackRock has contractually agreed to waive the management fee with respect to any portion of the 's assets estimated to be attributable to investments in other equity and fixed-income ETFs managed by BlackRock or its affiliates that have a contractual management fee, through November 30, 2018. The contractual agreement may be terminated upon 90 days' notice by a majority of the non-interested trustees of BlackRock s II (the "Trust") or by a vote of a majority of the outstanding voting securities of the. The Total Annual Operating Expenses do not correlate to the ratios of expenses to average net assets given in the 's most recent annual report, which do not include Acquired Fees and Expenses. As described in the "Management of the " section of the 's prospectus on page 68, BlackRock has contractually agreed to waive and/or reimburse fees or expenses in order to limit Total Annual Operating Expenses After Fee Waivers and/or Expense Reimbursements (excluding Dividend Expense, Interest Expense, Acquired Fees and Expenses and certain other expenses) to 1.55% of average daily net assets through November 30, 2027. On December 1 of each year, this waiver agreement will renew automatically for an additional year so that the agreement will have a perpetual ten-year term. In addition, BlackRock has also Page 4 of 5

contractually agreed to waive or reimburse fees or expenses in order to limit Total Annual Operating Expenses After Fee Waivers and/or Expense Reimbursements (excluding Dividend Expense, Interest Expense, Acquired Fees and Expenses and certain other expenses) to 0.55% of average daily net assets through November 30, 2018. The may have to repay some of these waivers and/or reimbursements to BlackRock in the two years following such waivers and/or reimbursements. These contractual agreements may be terminated upon 90 days' notice by a majority of the non-interested trustees of the Trust or by a vote of a majority of the outstanding voting securities of the. (18)Voya Russell (TM) Mid Cap Index Portfolio - Class I: The adviser is contractually obligated to limit expenses to 0.43% through May 1, 2018. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fees and Expenses. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. Termination or modification of this obligation requires approval by the Portfolio's board. (19)Ivy Mid Cap Growth - Class Y: Through July 31, 2018, IDI and/or WISC have contractually agreed to reimburse sufficient 12b- 1 and/or shareholder servicing fees to ensure that the total annual ordinary fund operating expenses of the Class Y shares do not exceed the total annual ordinary fund operating expenses of the Class A shares, as calculated at the end of each month. Prior to that date, the expense limitation may not be terminated without the consent of the Board. (20)Virtus Ceredex Small-Cap Value Equity - Class I: The fund's investment adviser has contractually agreed to limit the fund's total operating expenses (excluding front-end or contingent deferred loads, taxes, leverage expenses, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation) and acquired fund fees and expenses, if any) so that such expenses do not exceed 1.24% through July 31, 2019. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed under these arrangements for a period of three years following the date on which such reimbursement occurred. (21)Voya Russell (TM) Small Cap Index Portfolio - Class I: The adviser is contractually obligated to limit expenses to 0.45% through May 1, 2018. The limitation does not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fees and Expenses. This limitation is subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. Termination or modification of this obligation requires approval by the Portfolio's board. (22)Eagle Small Cap Growth - Class A: If you purchased $1,000,000 or more of Class A shares of an Eagle mutual fund that were not otherwise eligible for a sales charge waiver and sell these shares within 18 months from the date of purchase, you may pay a 1% contingent deferred sales charge at the time of sale. (23)Voya International Index Portfolio - Class I: The adviser is contractually obligated to limit expenses to 0.50% through May 1, 2018. In addition, the adviser is contractually obligated to further limit expenses to 0.45% through May 1, 2018. These limitations do not extend to interest, taxes, investment-related costs, leverage expenses, extraordinary expenses, and Acquired Fees and Expenses. These limitations are subject to possible recoupment by the adviser within 36 months of the waiver or reimbursement. The distributor is contractually obligated to waive 0.01% of the distribution fee through May 1, 2018. Termination or modification of these obligations requires approval by the Portfolio's board. (24)The Investment Option is neither a mutual fund nor part of a Separate Account. The returns listed do not include the impact of contract charges. Please refer to the contract or disclosure book to determine which Fixed Interest Options are available for your specific plan. The Investment Option is offered through Voya Retirement Insurance and Annuity Company. Insurance products, annuities and funding agreements issued by Voya Retirement Insurance and Annuity Company, One Orange Way Windsor, CT 06095, (VRIAC), which is solely responsible for meeting its obligations. Plan administrative services provided by VRIAC or Voya Institutional Plan Services, LLC. All companies are members of the Voya family of companies. Securities are distributed by or offered through Voya Financial Partners, LLC (member SIPC) or other broker-dealers with which it has a selling agreement. Creation Date: Tuesday, October 23, 2018 Page 5 of 5